Managers of Wealth Africa

South Africa chasing after UK investors

Total infrastructure investment envisaged by the South African government over the next three years amounts to R943 billion

Soaring NPLs threaten banking sector — Up 4.3% YoY to 24.3%

Some players within the business community have attributed the phenomenon to the present economic conditions

African Development Bank takes $10 million equity stake in Kenya’s Dhamana following anchor investment from Private Infrastructure Development Group

This follows an anchor investment from the UK-Government-backed Private Infrastructure Development Group through its subsidiary, InfraCo Africa.

Gold shares on a tear over two years as PGMs slump

Boosted by a weaker exchange rate and sharply higher gold prices.

Nedbank partners with DP World to expand Sub-Saharan Africa financing

DP World Trade Finance and Nedbank are collaborating through this programme to provide enhanced credit to farmers for procurement of inputs for crop cultivation, including seed, fertiliser and diesel.

Financial Services Industry dominates trading at Nigerian bourse

A total of 92,630 units valued at N42.253 million were traded this week

Partnerships to turn billions into trillions

Using the AfDB as an example, Tshabalala highlighted the importance of partnerships to achieve ambitious development goals.

Big hit to pensions in South Africa

In real terms, the average BPPI for August 2024 moderated every month and dipped 1.0% below a year prior.

Absa Bank, GNCCI partner to empower SMEs

Absa Bank is committed to providing SMEs with access to finance while building their capacity for growth.

The role of gender diversity in African private markets

These statistics suggest the investment industry is at the forefront of diversity and inclusion.

GTCO’s Guaranty Trust Bank named best bank for Corporate Social Responsibility in Nigeria by Euromoney

Announcing the Award, Euromoney highlighted the range and impact of GTCO’s CSR initiatives spanning education, health, community development, and financial inclusion.

A m/m decrease in FAAC allocation

The most significant downward pressure was from exchange rate gains, which decreased to NGN468bn from NGN582bn recorded in the previous month.

Q/q increase in CIT receipts

The amount marks a considerable increase in CIT revenues compared to the NGN984bn

A y/y rise in merchandise trade value

A breakdown of the figure shows total export and import trade values of NGN19.4trn

New South African bank ready to take on Capitec

Old Mutual recently announced that it has appointed Clarence Nethengwe as the bank’s new chief executive.

Gold expected to hit another record

None of the world’s political uncertainties, escalating wars or economic difficulties is going away soon.

Global Finance Names The Best SME Banks 2025

Winners have also been named in 72 countries, territories and districts and six US regions.

HSBC in talks to sell South African unit to FirstRand

HSBC Holdings is in talks to sell its South African corporate banking business to a unit of FirstRand.

The rise of captive insurance in Mauritius as a strategic value-add

The more mature the business, the more sophisticated the solution required to appropriately manage risk and enhance profitability.

Withdrawing from that one pot will cost you dearly …

You will pay tax and lose the compound returns on the money you take now, with the result that your retirement fund will be as much as 10 times lower than the withdrawal

Alternative Investments